Lucy Corporation had the following information available for 2021: Beginning Ending Balance Balance Raw Materials Inventory Work in Process Finished Goods $9,700 16,800 31,300 $10,400 14,300 34,700 Additional information for 2021: Raw Material Purchases Factory Insurance Direct Labor Factory Depreciation Advertising Expenses Factory Utilities Indirect Materials Used Marketing Manager's Salary Office Utilities Expense Factory Repairs Sales Revenue Factory Property Taxes Total Factory Labor Costs $67,400 11,400 118,000 27,500 18,900 12,600 8,300 78,000 11,500 9,400 550,000 7,200 147,000 1. Compute the direct material cost for 2020: 83500 I 2. Compute the indirect factory labor cost for 2020: 57000 3. Compute the total factory overhead costs for 2020: 4. Compute the cost of goods manufactured for 2020: 5. Compute the cost of goods sold for 2020: 6. Compute the gross profit for 2020